Category : EthereumWorldNews

EthereumWorldNews

Dogecoin Gains 10% Following Twitter’s Rebranding As X

DOGE became one of the top gainers today after Elon Musk rebranded Twitter as X.& The meme token gained as much as 10%, topping a two-month high of $0.077.& The demand for Dogecoin increased after Musk briefly displayed its dog-themed logo i...

Sam Altman’s Worldcoin (WLD) Up 70% After Airdrop, Mainnet Launch, Exchange Listing

Worldcoin launched on Monday with an airdrop of 43 million tokens to over 2 million sign-ups.The digital identity-styled protocol sparked debates regarding centralization and privacy following its Monday debut.Ethereum co-founder Vitalik Buterin opi...

SEC May Appeal Ripple Ruling After Do Kwon Cites It In Motion To Dismiss

The United States SEC has signaled that it will appeal the recent ruling in the lawsuit against Ripple.The securities regulator’s latest comments were part of a filing in the lawsuit against Do Kwon and Terraform Labs.& Do Kwon recently cited th...

Binance’s French Arm Reports A Loss of €4 Million In 2022

Binance France reported a loss of €4 million in the financial statements for 2022.& The crypto exchange’s French arm currently holds €1bn in crypto assets on behalf of its clients.& The exchange started recording expenses eight months before...

Sanctioned Crypto Exchanges Processed $32 Million In Payment To Fentanyl Merchants

Elliptic’s report identified payments to Russian crypto exchange Garantex and an unnamed Australian platform for fentanyl products worth billions in street value.The report estimates that these platforms received roughly $50 million in Bitcoin...

FTX Files To Recover $1 Billion From SBF And His Former Executives

FTX lawyers said that founder Sam Bankman-Fried and other executives used customer cash to fund personal their lifestyles.Bankman-Fried and members of his inner circle like Caroline Elisson, and Nishad Singh spent $1 billion funding stock buys, prop...

Coindesk Nears $125 Million Sale Amid Parent DCG’s Financial Woes

A consortium of investors is in the final stages of acquiring crypto news outlet CoinDesk.& CoinDesk is owned by the Digital Currency Group (DCG), which is currently embroiled in a lawsuit with its creditors.& Coindesk has been on the market...

RDNT Up 10% After Binance Labs Invests $10 Million In Radiant Capital

Binance’s investment arm has invested $10 million in DeFi lending protocol Radiant Capital.& Radiant Capital’s native token RDNT gained more than 10% following the multi-million dollar investment by Binance.& The DeFi lender plans to use the...

Terra And Do Kwon Argue “Torres Doctrine” In Bid To Dismiss SEC Lawsuit

Terra and Do Kwon’s legal team argued that the recent ruling in the case of US SEC v. Ripple Labs directly impacts their motion to dismiss.The SEC sued Do Kwon and his company for selling unregistered securities namely UST, LUNA, wLUNA, and MI...

FTX Bankruptcy Team Eyes $71 Million Recovery From SBF’s Sham Science Fund

FTX administrators filed that the funds were deployed for Sam Bankman-Fried’s “personal aggrandizement” rather than actual scientific advancements and innovation.Bankman-Fried’s NGO Latona received over $71 million from the c...

Tesla Maintains Crypto Holdings Worth $184 Million For Fourth Consecutive Quarter

Tesla Inc.’s crypto holdings remained unchanged for the fourth consecutive quarter.& The crypto assets on the EV giant’s balance sheet are worth $184 million as of June 30, 2023.& The company’s digital asset holdings were revealed in t...

Societe Generale’s Crypto Division Obtains France’s First Crypto License

Societe Generale’s crypto unit has received France’s crypto license under the new regulatory regime.& The license will allow SG Forge to offer buying and selling and custody of crypto assets.& SG Forge is now recognized as a licensed digital...

Crypto Whale From ICO Era Moves $116 Million In Ether To Kraken-Linked Wallet

This crypto whale wallet has been dormant for over 8 years and received tokens from Ethereum’s initial coin offering in 2015.The whale moved 61,216 ETH worth $116 million to an unknown wallet and then to an address linked to the crypto exchange Krak...

Do Kwon’s Terraform Labs Taps Former CFO To Serve As Chief Executive

Terraform Labs has appointed a new CEO while co-founder Do Kwon serves a prison sentence in Montenegro.& Former CFO and COO Chris Amani has been tapped to serve as the defunct crypto firm’s new CEO.& Amani took over Do Kwon’s role after he d...

Former FTX Fundraising Guru Resurfaces At Sino Global Crypto Fund

Zhe Constance Wang was known as Sam Bankman-Fried’s right hand for fundraising and played an executive role in FTX’s ascent.Wang is not currently facing criminal charges or allegations although she was subpoenaed by federal prosecutors in the...

Polygon Team Unveils Revamped Three-Pillar Governance System For Roadmap 2.0

The new governance model will feature an ecosystem council as part of a three-pillar framework, Polygon’s blog post noted.The re-engineered governance also includes an improved proposal framework and a two-phase community treasury to back exciting p...

Crypto Fraudster Sentenced To Nine Years For $248 Million Ponzi Scheme

The Manhattan federal court has sentenced EminiFX CEO Eddy Alexandre to nine years in prison.& Alexandre defrauded over 25,000 investors out of $248 million through his crypto and forex platform.& The sentence came more than four months afte...

Nevada Court Orders Prime Trust To Be Put Into Receivership

A Nevada court has ordered crypto custodian Prime Trust to be put into receivership.& The former CEO of the Bank of Nevada has been appointed as the troubled custodian’s receiver.& The crypto custodian currently owes more than $85 million in...

Celsius To Settle Bankruptcy Case With Shareholders By Paying $25 Million

Celsius has won court approval to settle the bankruptcy fight with its preferred shareholders.& The bankrupt crypto lender will pay $25 million instead of prolonging the lawsuit potentially costing it $600 million.& Preferred shareholders ha...

Arkham Trading Volume On Binance Crosses $100 Million, ARKM Price Opens Above $0.70

Participants in the Arkham public token sale locked up $2.4 billion in BNB for allocation in ARKM 50 million token supply on Binance Launchpad.Trading volume for the token surpassed $100 million across USDT, TRY, BNB, TUSD, and BTC pairs on Binance....

SEC To Assess Valkyrie’s Spot Bitcoin ETF Application

The Securities and Exchange Commission added Valkyrie’s spot Bitcoin ETF application to its official docket, signaling an official review of the filing.Other institutions and the public have 21 days to submit their comments on the possible imp...

Elon Musk Goes On The Offensive Against Attorney In Dogecoin Lawsuit

Tesla and Elon Musk have gone on the offensive against the lawyer representing the Dogecoin plaintiffs.& A new filing by Musk claimed that the plaintiff’s lawyer knew that his premise of the case was false.& Musk and Tesla stated in the fili...

Arthur Hayes’s “Holy Grail” Stablecoin DeFi Project Ethena Raises $6M

Ethena is a startup that is developing a stablecoin and digital savings bond that will be backed by derivatives.The stablecoin will be backed by equal amounts of staked ETH and perpetual swaps shorting Ethereum.The project has secured a $6 million s...

SEC Chair Gary Gensler Disappointed With Summary Judgment In Ripple Lawsuit

SEC Chairman Gary Gensler has expressed disappointment with the recent summary judgment in SEC v Ripple.& A judge recently handed a partial victory to Ripple after ruling that XRP’s retail sales didn’t constitute an investment contract.Gensler h...

Binance Slashed Employee Benefits Due To Declining Profits: WSJ

A report by the Wall Street Journal stated that Binance slashed employee benefits last month.& The crypto exchange cited declining profits for cutting back benefits including work-from-home expenses.& CEO Changpeng Zhao revealed in a meeting...

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